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Added to YB: 2024-11-22

Pitch date: 2024-11-20

TYBT [bullish]

Trinity Bank, N.A.

Author Info

Company Info

Trinity Bank, N.A. provides personal and business banking products and services in Texas. It provides personal and business deposits, such as checking and money market accounts; treasury tax and loan deposits; mobile deposits; certificates of deposit; and automobile, secured/unsecured, home improvement, lots and interim construction, installment/term, equipment, and real estate loans, as well as revolving lines of credit.

Market Cap

$91.9M

Pitch Price

$87.00

Price Target

N/A

Dividend

2.18%

Sector

Banks

Category

value

The Holy Trinity of Banking

TYBT: 1-branch TX bank, 9% BV CAGR, 17% EPS CAGR since 2003. Culture-driven success: efficiency (50% ratio), quality relationships, low-risk lending. New CEO, but strong team. Trades at historically low P/B. Bull case: 2% ROA, 20% ROE potential. Risks: culture change, illiquidity. 13-25% IRR expected.

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